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NG Energy International ( (TSE:GASX) ) has provided an update.
NG Energy International Corp. has entered into a letter of intent to sell a 40% working interest in the Sinu-9 Block, a major Colombian onshore natural gas field, to Maurel & Prom for US$150 million. This transaction is expected to de-risk the development of Sinu-9 by partnering with a well-capitalized, experienced company, accelerating natural gas delivery and supporting Colombia’s energy transition strategy.
More about NG Energy International
NG Energy International Corp. is involved in the energy sector, focusing on the development of natural gas resources. The company operates in Colombia, with significant interests in onshore natural gas fields, contributing to the country’s energy transition strategy.
YTD Price Performance: -5.31%
Average Trading Volume: 144,285
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$272.9M
For an in-depth examination of GASX stock, go to TipRanks’ Stock Analysis page.
